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Tata Motors Finance, Tata Capital seeks Indian merger clearance

By Freny Patel ( August 23, 2024, 00:50 GMT | Insight) -- Tata Motors Finance and Tata Capital, two financial arms of the Tata Group, have sought merger clearance from the Indian antitrust watchdog. In their joint merger filing, the two companies told the Competition Commission of India that Tata Motors Finance will fold into Tata Capital, which is set to be the surviving entity, through a scheme of arrangement to be filed with the National Company Law Tribunal. Tata Motors Finance and Tata Capital, two financial arms of the Tata Group, have sought merger clearance from the Indian antitrust watchdog....

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